The first step for us to discover a solid lessee is to market your rental unit to the public. But the second step is to identigy the a good renter. Checking the backgrounds of prospective lessees is one of the most critical responsibilities of every rental property manager in 22102.
Our family-run real estate brokerage scrutinizes the applicant’s past behavior. With that in mind, our local real estate business assumes the possible renter’s future behavior will be the same. The possible tenant should demonstrate a history of being a trustworthy, honest lessee while demonstrated financial capacity. Our background checking process is founded on several pillars including:
- Income Verification – Nesbitt Realty & Management checks and confirms job title, salary, prospects for continued employment and job status. Depending upon the applicant's debt load, a tenant needs to earn at least 3 to 4 times the monthly rent in gross income to qualify for rental.
- Landlord Reference – Nesbitt Realty utilizes public information, tax records and other research and verification to ensure that we're talking to actual owner about actual rental history of the applicant.
- Credit History – The possible renter's credit history informs us about the potential lessee’s current and past performance with regards to debts and other financial obligations. The applicant’s credit report also tells us their monthly debt and shows their previous addresses (which we compare to addresses listed on the application). An applicant must have acceptable credit to qualify.
If accepted, the potential lessee’s in-processing includes a lease, lease signing, collecting pro-rated rent, and providing the renter with a copy of any association documents needed for disclosure and instruction on rules and regulations associated with the rental property and community.
For a complete break-down our process, get in touch with Alan Clerinx or read more here. We have all necessary license and affilitations to manage rental in Fairfax County and anywhere in Virginia. We have these necessary associations and affiliations: Better Business Bureau, National Association of Residential Property Managers, Virginia Association of Realtors, and more.